Mortgage Rates Holding Fairly Steady

April 3, 2009

3 April 2009 – Again, mortgage rates have been holding fairly steady, not moving more than an eight to a quarter point in the last week.

Home purchases have been down in Illinois over 20%, and the median home price is down over 20%, but that does include foreclosure sales and short sales.

Unemployment is at a 25 year high, but the increase was not as massive as some projections. Illinois has one of the higher rates, being well over 8%.

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About Neena Vlamis

Neena Vlamis, President and Co-founder of A & N Mortgage Services, enjoys a challenge. In particular, she and colleagues specialize in finding the best mortgage product for each of their home-buying customers. Whereas many financial institutions shy away from customers who have special financial needs, Neena and A & N boast a winning record with clients from all ends of the spectrum. Neena and the professionals at A and N succeed in home-financing scenarios as a result of their unparalleled commitment to providing honest advice, extensive breadth of personal finance knowledge vis-a-vis home ownership, and their power of being a mortgage bank and broker. These assets, in combination, have built A & N Mortgage Services into the premier originator of residential home loans in the Chicagoland area. Neena Vlamis and A and N Mortgage will identify the optimal financial product and strategy for your specific homeownership need. You can contact her at neenav@aandnmortgage.com or 773-305-LOAN.

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